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Daily Note 28/11/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets

28.11.2024



  • Macro: Equity markets were risk-off yesterday, as the Eurostoxx600, the S&P500, and the Nasdaq each ended slightly lower, with economic data releases broadly supporting a more gradual approach by the Fed and hawkish commentary from the ECB. Later today, the main economic news of note comes out of Europe. We have European Consumer Confidence data, German, Spanish and Irish CPI, as well as Retail Sales data out of Ireland. We will also have commentary from Villeroy, Knot and Lane from the ECB.
  • Stock: We have updates on Aviva and Microsoft, along with meetings held with the CFO of Grafton Group and the CEO of PTSB earlier this week. (Comment attached)
  • Debt: Core bond yields moved lower yesterday following a wide range of economic data releases in the US, and lower than expected Consumer Confidence in both Germany and France.